Re:Venezuela devalues the bolivar by 95% and pegs it to ‘oil...
by microcolonel on Monday August 20, 2018 @01:24PM
(#17801846)
> To be fair, there's been a sharp decline since Maduro took power. Maybe the current government is simply too corrupt and incompetent.
Given the incentives in place, it is hard to imagine that it could turn out anything but corrupt and incompetent. What reason do Venezuelan officials, aside from personal pride, have to execute their office faithfully and competently? What reason do they have to hire people who execute their offices faithfully (aside from to their boss) and competently?
Given the incentives in place, it is hard to imagine that it could turn out anything but corrupt and incompetent. What reason do Venezuelan officials, aside from personal pride, have to execute their office faithfully and competently? What reason do they have to hire people who execute their offices faithfully (aside from to their boss) and competently?